VisaNet says shareholders raise 8.4 bln reais in IPO

Thu Jun 25, 2009 11:45pm BST
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SAO PAULO, June 25 (Reuters) - VisaNet, the Brazilian affiliate of credit card network Visa Inc (V.N: Quote, Profile, Research), said on Thursday its shareholders raised 8.4 billion reais ($4.3 billion) from the company's initial public offering, the largest ever in the country.

VisaNet said shareholders -- including Banco Bradesco (BBDC4.SA: Quote, Profile, Research), Banco Santander (SAN.MC: Quote, Profile, Research), Banco do Brasil (BBAS3.SA: Quote, Profile, Research) and Visa International -- sold 559.81 million shares at a price of 15 reais each. The stock was sold at the top of the price range of 12 reais to 15 reais. (Reporting by Reese Ewing, Writing by Elzio Barreto; Editing by Steve Orlofsky)

 
 
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